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Lawyer Tells Rick Santelli: Criminal Charges Against Jon Corzine (Video)
Gateway Pundit ^ | August 24,2012 | Jim Hoft

Posted on 08/24/2012 2:58:54 PM PDT by Hojczyk

Stock Market Watch reported:

Best quotes from Koutoulas:

“Crimes were unequivocally committed and I will do whatever I can to continue to do the government’s job for it and help see justice done.”

“MF Global had a choice. Do we cheat or go out of business. And they cheated. They broke the law. And these took these customer funds to cover margin calls.”

“Attorney General Eric Holder’s Department of Justice is the biggest enabler of financial crime in U.S. history.”

And the kill shot:

“I will take this to all 50 states. And we will win. We will get a conviction of Jon Corzine. And the next time a sociopath CEO says ‘Do I go out of business or do I cheat,’ he’s gonna think about President Obama’s biggest fundraiser in an orange jumpsuit in state prison.”

(Excerpt) Read more at thegatewaypundit.com ...


TOPICS: Crime/Corruption
KEYWORDS: corruption; corzine; covingtonburling; doj; koutoulas; mfglobal; santelli

1 posted on 08/24/2012 2:58:59 PM PDT by Hojczyk
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To: Hojczyk

B U M P


2 posted on 08/24/2012 3:04:04 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Hojczyk

An honest administration would have jailed Corzine by now. It’s simple - where is the money???

Obama somehow owes Corzine and is in Corzine’s pocket.


3 posted on 08/24/2012 3:05:38 PM PDT by Tau Food (Tom Hoefling for President - 2012)
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To: Hojczyk

BTTT


4 posted on 08/24/2012 3:06:23 PM PDT by varon
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To: Hojczyk

People need to go to jail BUMP!


5 posted on 08/24/2012 3:07:42 PM PDT by AuntB (Illegal immigration is simply more "share the wealth" socialism and a CRIME not a race!)
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To: Hojczyk

The question is will Corzine be prosecuted once (and if) Romney is elected???


6 posted on 08/24/2012 3:08:02 PM PDT by ColdSteelTalon (Light is fading to shadow, and casting its shroud over all we have known...)
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To: Tau Food; Liz

” Obama somehow owes Corzine and is in Corzine’s pocket.”

More like Corzine owes Obama big money, and Obama can’t collect if Corzine is behind bars.


7 posted on 08/24/2012 3:08:13 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker

“And the next time a sociopath CEO says ‘Do I go out of business or do I cheat,’”

Cheating, lying, pretending to be better than reality...lots of that going around these days.


8 posted on 08/24/2012 3:10:00 PM PDT by AuntB (Illegal immigration is simply more "share the wealth" socialism and a CRIME not a race!)
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To: Tau Food

He is in Corslimes very-very deep pockets. They are so deep that they reach the gutter where Gorge Sorass lives.


9 posted on 08/24/2012 3:13:30 PM PDT by certrtwngnut (It's not the people who vote that count, it's the people who count the votes. (Josef Stalin))
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To: stephenjohnbanker

REVEALED: CORZINE’S MF Global Was Client of Eric Holder’s Law Firm / By Wynton Hall / breitbart.com

Those wondering why the DOJ has refused to go after Jon Corzine for the vaporization of $1.6 billion in MF Global client funds need look no further than the documents uncovered by the Government Accountability Institute that reveal that the now-defunct MF Global was a client of AG Eric Holder and Asst AG Lanny Breuer’s former law firm, Covington & Burling. There’s more. Records also reveal that MF Global’s trustee for the Chapter 11 bankruptcy retained as its general bankruptcy counsel Morrison & Foerester—the very law firm from which Associate AG Tony West came to DOJ. And more.

As GAI President Peter Schweizer explains in the Washington Times Thursday, the trustee overseeing MF Global’s bankruptcy is former FBI Director Louis Freeh. At Holder’s Senate confirmation hearing Freeh served as a character witness for Holder and revealed that Holder had previously worked for Freeh. “As general counsel,” Freeh said,
“I could have engaged any lawyer in America to represent our bank. I chose Eric.”

Until now, the conventional wisdom for why Holder wouldn’t throw the book at Corzine was that Corzine is an Obama campaign bundler. Indeed, as Breitbart News reported, four of the top officials at the DOJ—Eric Holder, Thomas Perrelli, Karol Mason, and Tony West—were also big money bundlers for Obama. But the newly understood crony connections reveal conflicts of interest that extend well beyond mere political support for a common candidate—they go to a tangle of prior business dealings that further underscore the need for a special prosecutor in the Corzine case.

At least 65 members of Congress have already signed a letter to Holder requesting that he appoint a special prosecutor to investigate MF Global’s collapse and the loss of $1.6 billion. What’s more, even progressives have begun to wonder whether Holder’s Covington & Burling connection explains why the DOJ has not charged, prosecuted, or jailed a single Wall Street executive after the biggest financial collapse in American history.

As Richard Eskow of the Huffington Post recently wrote: More and more Washington insiders are asking a question that was considered off-limits in the nation’s capital just a few months ago: Who, exactly, is Holder representing? As scandal after scandal erupts on Wall Street, involving everything from global lending manipulation to cocaine and prostitution, more and more people are worrying about Holder’s seeming inaction — or worse — in the face of mounting evidence.

This isn’t going away. Both the left and the right are onto Holder’s Wall Street head fake. With the revelation of the new crony connections, the time for Eric Holder to appoint a special prosecutor in the Corzine/MF Global case is now.


10 posted on 08/24/2012 3:16:42 PM PDT by Liz
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To: Hojczyk

My Dad told me, “When there’s big money involved, someone’s going to find a way to cheat.”
Look at all these clever little thieves trying to rip off the casinos. If people will run that kind of risk for a few thousand bucks, what will people do when there’s trillions of dollars involved?
The Democrats aren’t misguided ideologues, they’re just dirty little thieves trying to loot the public treasury.
And when there’s trillions of dollars involved, would they buy off the old media? Would they plant some of their people as conservatives so they could screw up the conservatives and allow the Democrats to keep looting the public treasury?


11 posted on 08/24/2012 3:21:08 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: thouworm; CutePuppy; stephenjohnbanker

Charges might include: (1) criminal tax fraud (2) deliberately misstating income, (3) filing false returns, (4) falsifying official documents, (5) intentionally mislabeling personal expenditures as business expenses, (6) utilizing funds inappropriately, (7) fraudulent use of funds for lavish personal expenditures, (8) fraudulently declaring to the IRS personal expenditures as legitimate business expenses.


12 posted on 08/24/2012 3:23:33 PM PDT by Liz
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To: Hojczyk

BTTT!!!

The slimy Corzine may actually get what he so richly deserves..


13 posted on 08/24/2012 3:29:24 PM PDT by SE Mom (Proud mom of an Iraq war combat vet)
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To: SE Mom

WITHHOLDER should be presecuted right along with him. Another in a series of telling appointees by the FOREIGNER of radical anti american/communists out to DESTROY THIS COUNTRY.


14 posted on 08/24/2012 3:44:12 PM PDT by spawn44 (MOO)
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To: Liz

That’s a good starter list : )


15 posted on 08/24/2012 4:06:26 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Hojczyk

OUCH!!!


16 posted on 08/24/2012 4:25:03 PM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: Liz

If we are going to preserve the rule of law in this country or reinstate it within our financial markets it will have to be done by the Attorney Generals of our states. Congress (to include more than a few Republicrats) is awash with fraud and backdoor deals with supporters and the revolving door of Government technocrats that go from one administration to big business for big bucks and back to government again.

People have no idea how pervasive and damaging these people are to our nation and each and every one of us. The fact that Jim Johnson, Franklin Raines, and Jamie Gorelick have not been prosecuted for cooking the books at Freddie/Fannie to rake in multi-million dollar bonuses must not be forgotten and Romney should promise to appoint a special prosecutor to look into it. The truth and consequences are necessary to restore faith in our markets and laws.

The system of checks and balances no longer exist on Wall Street for the insiders and it must stop. I have heard many people opine that all of this does not impact them. They are fools. These crimes affect each and every American because these folks have defrauded the taxpayers and anyone who has an investment retirement account!


17 posted on 08/24/2012 4:51:19 PM PDT by volunbeer (Don't worry America, our kids will pay for it!)
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To: stephenjohnbanker

As I posted in an earlier story a few days ago. I believe that if Romney wins, his justice department will prosecute Corzine within the first thirty days. Everyone else thought I was dreaming, or worse. Because Santelli has no juice. Really. Just watch.


18 posted on 08/24/2012 4:55:27 PM PDT by edboock
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To: Hojczyk
With the non-prosecution of Jon Corzine, government legal system apparatchiks at all levels (federal, state & local) have proven conclusively that they're just a bunch of armed thugs who will browbeat and arrest the little people, but leave the powerful and connected alone.

The time that the incarcerated population figures this out is going to be a bad time.

What really grates me about the lawdogs is the way they puff out their chests when they're "taking down a perp", and pat themselves on the back for a job well done.

Why are Bill Clinton and Jon Corzine still walking around free? Hmmmmmmmmmmmmmmm?

Because all your multitude of "laws" are for the little people?

19 posted on 08/24/2012 5:56:12 PM PDT by kiryandil (turning Americans into felons, one obnoxious drunk at a time (Zero Tolerance!!!))
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To: Liz; stephenjohnbanker; ken5050
Thanks, Liz.

Unfortunately, all the charges you describe are the income/IRS-related charges, so they are not even "in the eye of the be-HOLDER" or DOJ and won't go anywhere.

I saw the Santelli clip with Koutoulas and was very disappointed. The guy just sounds like a huckster and publicity hound, all bluster and "red-meat" platitudes but very little substance. He is right that Holder and DOJ are covering up for Corzine and want to dismiss the case - that's one reason they didn't want CME's Terry Duffy anywhere near "their investigation" - but that's not exactly news. DOJ is also not the only entity that's investigating the case.

First, there are very few of the "50 states" who would even bother with accepting the lawsuit, or have it kicked out on the grounds of jurisdiction and standing.

Second, if the guy really thinks that he can claim that MF Global / Corzine situation is in any way equal to Peregrine Financial (PFG) / Wasendorf Sr., then he is delusional and Corzine's victims need a better representation.

Wasendorf Sr. perpetuated over 20 years a pure Ponzi scheme, same as Madoff, only on much smaller scale. The only resemblance between PFG and MF Global is that they were both commodity brokerages and it involved (obviously!) segregated customer accounts. That's where the money was at PFG and Wasendorf was looting segregated accounts for years, while Corzine used them in the last few days to shore up the regulators' capital requirements and cover the margin calls while trying to fire-sell the company - it is a crime, but an entirely different one.

Wasendorf is in jail because he pretty much confessed to the crime, just like Madoff. Corzine basically said "Prove it" which can be done, if there is a will to do it.

From a puff-piece, laying the groundwork for opinion, by the Corzine-Obama-Holder-axis-friendly NYT:
No Criminal Case Is Likely in Loss at MF Global - CNBC / NYT-Dealbook, (editor-in-chief Andrew Ross Sorkin) by Azam Ahmed and Ben Protess, 2012 August 15-16

They might be afraid to charge O'Brien if they think that she can spill the beans and point the finger at Corzine. If there is substantial evidence that Edith O'Brien has the goods, the Congress can give her limited immunity for testifying, and invite some of the DOJ's and other "investigators" to ask them questions... For instance, whether a crime has been committed at all and, at the very least, what the meaning of the 2002 Sarbanes-Oxley law (of which Corzine was one of the main authors when he was in Senate) is?

Then, there is also potential of civil lawsuits from regulators, insurance companies and the civil lawsuit by the victims (hopefully they have more than Koutoulas).

Interesting bit from Trustee in suit vs. MF execs - NYP, by Kaja Whitehouse, 2012 August 16

As part of the cooperation agreement, Giddens will turn over all the documents he uncovered in his investigation and all the money recovered in the lawsuit will go to the wronged MFG customers. The hearing on cooperation agreement will take place on September 5, 2012. If not approved, Giddens will file separate lawsuits against MFG execs, which is what he planned to do originally (June 04, 2012). Of course, he also has vested interest - trustee of Madoff case, Picard, already accrued more than a quarter of a billion dollars in compensation for his "recovery efforts."

A bit of sanity here: From MF Global and the 'Missing' Funds - WSJ, by Holman Jenkins, 2012 August 03


20 posted on 08/24/2012 7:04:43 PM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: Hojczyk

Obama will pardon Holder and grant immunity to Corzine before he leaves office


21 posted on 08/24/2012 7:32:54 PM PDT by FlyingEagle
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To: Hojczyk

Dear lord, I would love to see Corzine go to jail, if, you know, he committed crimes.

What scares me is thinking this is not being pursued because he’s “in with the in crowd”.

If Romney gets in I hope he follows up on some of this stuff.

Black Panthers in Philly, no. I think that’s moot. But F & F and Corzine, yes.

Obama has really undermined the rule of law in this country. The press has aided and abetted him in that.

Scary stuff and it needs to end.


22 posted on 08/25/2012 4:16:44 AM PDT by jocon307
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To: All
MF Global investors need to look into Corzine's money laundering and possible tax evasion schemes---like this one w/ Bill Clinton.

REFERENCE December 05, 2011---Fox News Report:
Bill Clinton Reaped Big Bucks Before Collapse---MF Global Employee Links Clinton to Corzine's Bankrupt Firm

A former MF Global employee accused former president Bill Clinton of collecting $50,000 per month through his Teneo advisory firm in the months before the brokerage careened towards its Halloween filing for Chapter 11 bankruptcy, reports Human Events.

Teneo was hired by MF Global’s former CEO Jon S. Corzine to improve his image and to enhance his connections with Clinton’s political family, said the employee, who asked that his name be withheld because he feared retribution, according to Hum/Events. The Teneo contract with MF Global lasted at least five months, the souce said. “The board cancelled it after Corzine resigned.”

The source, who is no longer associated with MF Global, said Teneo is a dual-track company with one side devoted to merchant and investment banking and the other side set up to provide image and strategy consulting services.

Clinton is the chairman of the company’s advisory board, reports Hum/Events.

http://nation.foxnews.com/mf-global/2011/12/05/report- bill-clinton-reaped-big-bucks-corzine-firm-collapse#ixzz1fhH3pHHH

=================================================

The Bank Secrecy Act needs to be mobilized here----enacted to prevent bank investors, patrons, depositers, etc, from fraud.

Charges might include: (1) criminal tax fraud, (2) deliberately misstated income, (3) filing false IRS returns, (4) falsifying official documents, (5) intentionally mislabeling personal expenditures as business expenses, (6) utilizing investor funds inappropriately, (7) fraudulent use of investor funds for lavish personal expenditures, (8) fraudulently declaring personal expenditures as legitimate business expenses.

======================================================

Neither Corzine nor Abelow or Flowers or other MF Global execs have been arrested, detained or even questioned under oath, notwithstanding the missing billions.

REFERENCE Corzine’s financial my$tery / NY Post, January 8, 2012 / By Jonathon M. Trugman

It’s been a long while now since that frightful Halloween 2011 when MF Global filed the eighth-largest bankruptcy in US history. Too long a time if you are an MF customer and can’t get access or answers to what happened to your money.

Certain individuals at MF Global breached the sacrosanctity of segregated customer accounts to cover for liquidity shortfalls induced from extremely leveraged bets gone extremely bad, reportedly made by CEO Jon Corzine and his confidants (including MF bigwigs Brad Abelow and Chris Flowers).

Which brings us to a primary point in the MF Global debacle: Exactly where were Jon Corzine’s millions held while his firm was leveraging up 40-to-1? And for that matter, where were his lieutenants’ funds held? Unfortunately, those answers are not forthcoming from any of the parties.

It is almost unanimously mandated by Wall Street that officers of brokerage firms keep their investment accounts at the firm where they work. This is done for compliance reasons. If Corzine and his inner cadre of lieutenants had their millions at MF Global, were their accounts breached, as well? Are they being treated identically to other MF Global account holders in terms of the massive amounts of their missing money and the lack of access to what’s rightfully theirs?

If Corzine et al. didn’t keep the vast majority of their money at MF Global, then why not?

It’s been reported that a mere two weeks before filing for bankruptcy, while the skies were darkening for MF Global due to the European tidal wave, Corzine and his wife were apparently chateau shopping in the south of France, no less. While both Corzine and his wife are extremely wealthy people, chateau shopping just 15 days before filing this country’s eighth-largest bankruptcy are not the actions of a man with good analytical skills or who is overly concerned about the fate of his teetering financial empire — unless his own money isn’t at risk. ####

http://www.nypost.com/p/news/business/corzine_financial_my_tery_5cucZtZho95Sr1 MhnotnxJ#ixzz2HTaVKt6v

23 posted on 08/25/2012 6:28:46 AM PDT by Liz
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To: Hojczyk

SHACKLE the JACKALS! Bump.


24 posted on 08/25/2012 7:12:21 PM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: edboock; Liz

” As I posted in an earlier story a few days ago. I believe that if Romney wins, his justice department will prosecute Corzine within the first thirty days.”

This would catch Obama & Holder in the same fishing net. Hope you are right!


25 posted on 08/27/2012 7:41:00 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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